12 Aug 2024director interest notice● Neutral
Crescent Energy Co director Michael Duginski bought 18,263 shares on the open market.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
9 Aug 2024substantial holder notice● Neutral
PT Independence Energy Holdings LLC, Liberty Energy Holdings LLC, Liberty Mutual Insurance Company, Liberty Mutual Group Inc, LMHC Massachusetts Holdings Inc, Liberty Mutual Holding Company Inc reported a Crescent Energy Co shareholding of 36,854,746 shares (18.40% of votes) in a periodic institutional filing.
7 Aug 2024substantial holder notice● Neutral
Independence Energy Aggregator L.P, Independence Energy Aggregator GP LLC, KKR Upstream Associates LLC, KKR Group Assets Holdings III L.P, KKR Financial Holdings LLC, KKR Group Assets III GP LLC, KKR Group Partnership L.P, KKR Group Holdings Corp, KKR Group Co. Inc, KKR & Co. Inc, KKR Management LLP, Henry R. Kravis, George R. Roberts reported a Crescent Energy Co shareholding of 29,706,850 shares (15.50% of votes) in a periodic institutional filing.
5 Aug 2024quarterly activities report● Neutral
Crescent Energy Co reported quarterly revenue of $653.3 million and net income of $37.5 million for the period ended 2024-06-30.
5 Aug 2024quarterly activities report● Neutral
Crescent Energy Co reported quarterly revenue of $653.3 million and net income of $37.5 million for the period ended 2024-06-30.
2 Aug 2024business combination▲ GoodMajor
Crescent completed its merger with SilverBow Resources: each SilverBow share converted, by election, into either 1.866 Crescent shares plus $15.31 cash, $38.00 cash outright, or 3.125 Crescent shares, creating one of the largest operators in the Eagle Ford.
1 Aug 2024director interest notice● Neutral
Crescent Energy Co director Michael Duginski received 191,737 shares as part of the equity award.
1 Aug 2024director interest notice● Neutral
Marcus C Rowland became a Crescent Energy Co director and company insider (initial ownership filing).
1 Aug 2024director interest notice● Neutral
Michael Duginski became a Crescent Energy Co director and company insider (initial ownership filing).
1 Aug 2024director interest notice● Neutral
Crescent Energy Co director Marcus C Rowland received 82,885 shares as part of the equity award.
29 July 2024merger communication▲ GoodMajor
Crescent shareholders overwhelmingly approved the stock issuance for the SilverBow merger (about 99.94% of votes cast), clearing the way for the deal to close the next day.
25 July 2024merger communication● Neutral
Crescent filed another Rule 425 communication ahead of the SilverBow merger shareholder votes.
23 July 2024quarterly activities report● Neutral
Crescent Energy Co reported quarterly revenue of $653.3 million and net income of $37.5 million for the period ended 2024-06-30.
19 July 2024merger communication● Neutral
Crescent filed another Rule 425 communication ahead of the SilverBow merger shareholder votes.
17 July 2024merger communication● Neutral
Crescent filed a Rule 425 communication ahead of the SilverBow merger shareholder votes.
2 July 2024merger communication▲ Good
Crescent and SilverBow announced the expiration of the Hart-Scott-Rodino antitrust waiting period, clearing a key condition to closing their pending merger ahead of stockholder votes scheduled for July 29, 2024.
28 June 2024securities registration● Neutral
Crescent Energy Co filed the final prospectus for a registered offering.
24 June 2024business combination● NeutralMajor
Amendment No. 1 to the SilverBow registration, filed a week after the original and carrying one piece of real news: Crescent had just raised $750 million of 7.375% notes due 2033 on June 14 to fund the cash half of the deal and repay SilverBow's borrowings. It also set both special meetings for July 29, 2024 off a June 28 record date; SilverBow holders choose $38.00 cash (capped at $400 million in total), 3.125 Crescent shares, or 1.866 shares plus $15.31, worth about $38.28 a share when the deal was announced, leaving them with 21-31% of Crescent.
18 June 2024debt financing● Neutral
Crescent amended its credit agreement again as part of routine maintenance, unrelated in substance to the pending SilverBow merger.
18 June 2024merger communication● Neutral
Crescent filed Rule 425 communications regarding the pending SilverBow Resources merger.
13 June 2024merger communication● Neutral
Crescent filed a Rule 425 communication regarding the pending SilverBow Resources acquisition.
13 June 2024business combination● NeutralMajor
Crescent filed an S-4 registering shares for its SilverBow acquisition. Each SilverBow holder could elect 3.125 Crescent Class A shares, 1.866 shares plus $15.31 cash, or $38.00 cash, with total cash capped at $400 million.
30 May 2024debt financing● Neutral
Crescent amended its credit agreement to raise the threshold for incurring additional indebtedness from $500 million to $1.0 billion.
22 May 2024business combination● Neutral
Crescent furnished investor materials regarding the pending SilverBow Resources acquisition.
22 May 2024merger communication● Neutral
Crescent filed a Rule 425 communication regarding the pending SilverBow Resources acquisition.
17 May 2024substantial holder notice● Neutral
Independence Energy Aggregator L.P, Independence Energy Aggregator GP LLC, KKR Upstream Associates LLC, KKR Group Assets Holdings III L.P, KKR Financial Holdings LLC, KKR Group Assets III GP LLC, KKR Group Partnership L.P, KKR Group Holdings Corp, KKR Group Co. Inc, KKR & Co. Inc, KKR Management LLP, Henry R. Kravis, George R. Roberts reported a Crescent Energy Co shareholding of 29,706,850 shares (21.10% of votes) in a periodic institutional filing.
16 May 2024business combination▲ GoodMajor
Crescent agreed to acquire SilverBow Resources, a fellow Eagle Ford operator, in a deal combining both companies into one of the largest operators in the play; the deal also amended Crescent's external management fee arrangement with KKR Energy Assets Manager.
16 May 2024business combination● Neutral
Crescent hosted an investor call to discuss its newly announced acquisition of SilverBow Resources.
16 May 2024merger communication● Neutral
Crescent filed a Rule 425 communication in connection with the newly announced SilverBow Resources acquisition.
16 May 2024merger communication● Neutral
Crescent filed another Rule 425 communication regarding the SilverBow Resources acquisition.